At $41bn, trade deficit hits record high in October
NEW DELHI: India ‘s trade deficit hit a record $41 billion in Oct as exports saw the steepest monthly decline in over a year, and imports rose to an all-time high, driven by a surge in gold and silver shipments into the country. The 11.8% fall in goods exports to $34.4 billion in Oct –…
‘So close so many times…’: Trump admin official on India-US trade deal; points to ‘complicated situation’ due to India’s Russia ties
US President Donald Trump has imposed 50% tariffs on India’s exports to the US. (AI image) India and the US may soon agree on a trade deal, a senior Donald Trump administration official has said. However, Kevin Hassett who is the National Economic Council Director under the Trump administration has noted that the situation is…
SpaceX deal: Elon Musk’s firm to buy EchoStar spectrum licenses for $17 bn; Starlink expansion to get major boost
Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2…
AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’
OpenAI has asked a federal judge to dismiss a lawsuit from Elon Musk ’s AI startup xAI, which claims that the company lured away its employees to steal trade secrets. OpenAI called the case part of Musk’s “ongoing harassment” and denied all allegations as “false and unsubstantiated.”In its court filing, OpenAI said, “Under Musk’s leadership,…
